VKI vs. SPY
Compare and contrast key facts about Invesco Advantage Municipal Income Trust II (VKI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VKI or SPY.
Correlation
The correlation between VKI and SPY is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VKI vs. SPY - Performance Comparison
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Key characteristics
VKI:
0.44
SPY:
0.66
VKI:
0.70
SPY:
1.08
VKI:
1.09
SPY:
1.16
VKI:
0.21
SPY:
0.72
VKI:
1.50
SPY:
2.78
VKI:
3.55%
SPY:
4.88%
VKI:
12.22%
SPY:
20.26%
VKI:
-52.23%
SPY:
-55.19%
VKI:
-20.62%
SPY:
-2.99%
Returns By Period
In the year-to-date period, VKI achieves a -2.02% return, which is significantly lower than SPY's 1.46% return. Over the past 10 years, VKI has underperformed SPY with an annualized return of 2.55%, while SPY has yielded a comparatively higher 12.71% annualized return.
VKI
-2.02%
1.52%
-4.15%
5.32%
2.90%
1.50%
2.55%
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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Risk-Adjusted Performance
VKI vs. SPY — Risk-Adjusted Performance Rank
VKI
SPY
VKI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Advantage Municipal Income Trust II (VKI) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
VKI vs. SPY - Dividend Comparison
VKI's dividend yield for the trailing twelve months is around 8.09%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VKI Invesco Advantage Municipal Income Trust II | 8.09% | 6.43% | 4.61% | 6.04% | 4.77% | 4.72% | 4.91% | 6.25% | 5.77% | 6.61% | 6.62% | 6.62% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VKI vs. SPY - Drawdown Comparison
The maximum VKI drawdown since its inception was -52.23%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VKI and SPY. For additional features, visit the drawdowns tool.
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Volatility
VKI vs. SPY - Volatility Comparison
The current volatility for Invesco Advantage Municipal Income Trust II (VKI) is 3.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.66%. This indicates that VKI experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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